BANKNIFTY analogy for 9th-10th Nov:Struggling to break Upper Ckt
BANKNIFTY Pre-analysis::::::::::::
Overall Structure : Uptrend
Index Components : Positive Correlation
FGI Sentiments : Neutral; Indian 65↑ & Global 63↑
FII /DII Status : Bullish in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.11↑, IVP: 2.38↑, IV: 18↓, VIX: 16↓ (25/31)↓
↑Upper Level : 41900, 42000, 42150, 42300, 42500.
↓Lower Level : 41500, 41350, 41110, 40900, 40700.
Market Opening(*Expected ORB): Huge Gapup
Activity: Long Buildup
From above the nutshell, Showing Derivative data was positive and sentiment is positive. Here Global market indicates positive sign whereas the Asian market shows neutral. Observed VIX is at lower top lower button. It's probability of rallies/soars towards 43500 by coming week with following support @41400.
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
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***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
Overall Structure : Uptrend
Index Components : Positive Correlation
FGI Sentiments : Neutral; Indian 65↑ & Global 63↑
FII /DII Status : Bullish in Cash Market & Derivatives (With Combined OI)
Insider Data : Neutral, PCR: 1.11↑, IVP: 2.38↑, IV: 18↓, VIX: 16↓ (25/31)↓
↑Upper Level : 41900, 42000, 42150, 42300, 42500.
↓Lower Level : 41500, 41350, 41110, 40900, 40700.
Market Opening(*Expected ORB): Huge Gapup
Activity: Long Buildup
From above the nutshell, Showing Derivative data was positive and sentiment is positive. Here Global market indicates positive sign whereas the Asian market shows neutral. Observed VIX is at lower top lower button. It's probability of rallies/soars towards 43500 by coming week with following support @41400.
Have a Happy & Safe Trading!
(Data source@21:00 IST)***
___________________________________
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
